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Business, Economy, Energy, Markets

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco stock rises 4%

Ukraine's invasion by key producer Russia has stoked supply fears.
By TRENDS Desk
February 22, 2022 12:31 am
  • The share price hit SR39.3 ($10.5) yielding a market cap of $2.09 trillion
  • Earlier in the session, the shares hit an all-time high of SR40 ($11)

The Shares of Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange.

At the closing bell, the share price hit SR39.3 ($10.5) yielding a market cap of $2.09 trillion.

Earlier in the session, the shares hit an all-time high of SR40 ($11).

Most recently, a four percent stake of the oil giant had been transferred to Saudi Arabia’s sovereign wealth fund in an $80 billion deal.

Saudi Aramco is based in Dhahran and is one of the largest companies of the world in terms of revenue.

 

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